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Making sense of the real exchange rate of the rupee
If the REER is to be restored to its 2004-05 level, the rupee has to depreciate a lot, says V K Sharma. It is a stock refrain of business and industry in India, as indeed globally, that they......
Re still overvalued on REER basis
The rupee is overvalued by 8 per cent on a trade-weighted five-country real effective exchange rate basis, despite depreciating by 3.53 per cent since the beginning of September 2005.The Indian......
'RBI now has a problem of plenty'
While RBI’s foreign exchange reserves have swelled to over $400 billion, it has a ‘sell’ position of $981 billion. The Reserve Bank of India (RBI) has built up a $31-billion......
'I've been crying about the decline in the rupee'
'The big elephant in the room is our misguided view about the rupee.''India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.' Illustration: Dominic......
Rs may hit 70+ levels to the $
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.Anup Roy/Business Standard reports from Mumbai.Illustration: Uttam......
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